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Posted by on in FX Chart Updates

A surge overnight post the UK Election Day, to reinforce the base that has built this week in the 1.5088/87 area to overcome the late April recovery high 1.5500 and maintain a bullish theme into May.

For Today:

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Tagged in: CABLE Forex FX GBP GBPUSD
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Posted by on in FX Chart Updates

Despite a corrective setback, a base has built this week in the 1.5088/87 area to allow for a modest rebound and leave a positive bias into midweek.

Furthermore, the strong rally from mid-April through 1.5164 and late April push through numerous short-term resistance levels to hit 1.5500, maintains a bullish theme into May.

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Tagged in: Forex FX GBP GBPUSD UK
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Posted by on in FX Chart Updates

A further dip lower as expected on Monday, but then a minor bounce effort reinforced by the post-RBA rebound to signal a small base and for the downside corrective phase to be concluding.

This now sees bias for a rebound back higher into midweek and for the bullish pressures from latter April to resurface.

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Posted by on in FX Chart Updates

A high level consolidation to end the week Friday, holding above modest support at 1.1156 for a Monday upside bias.

Moreover, the Thursday extension above 1.1249 produces a shift to a more bullish tone into May, after the previous break through 1.1053 set a base.

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Tagged in: EUR Euro EURUSD Forex FX
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